Tag Archives: tax relief

Chicago Public Schools Budget includes $130 Million in Added Property Tax Revenues

Listening Tour A Chance to Question Cook County Assessor

The Chicago Public School’s proposed budget for 2021 includes $3.2 billion in property tax revenue, a $130 million increase from last year, according to the Chicago Tribune.

The district’s property tax bite is an increase of 2.3%, the maximum allowed under the state’s tax cap law, which limits property tax hikes to the lower of 5% or the rate of inflation.

The proposed $8.4 billion budget, which also includes an anticipated infusion of federal assistance, will increase spending by more than half a billion dollars, the Tribune reports.
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Cook County Extends Deadline for Paying Property Tax Payments without Late Fees

Cook County Extends Deadline for Paying Property Tax Payments without Late Fees

Cook County property owners will have until Oct. 1 to pay the second installment property tax bill which would have been due on Aug. 3 with no late fees, under a measure intended to provide some relief to taxpayers suffering economic hardship as a result of the coronavirus shutdown.

The measure, approved by the Cook County Board last week, waives the late fees that would normally begin accruing in August.

Two Illinois state representatives have introduced similar measures to delay property tax payments statewide.
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